Some say that people do not really want advice, even when they ask for it — but when starting a company, good advice early on can be the difference between success and failure. For this reason, it is common practice for startups to have an advisory board — a group of smart people they trust to help steer them through hard times and open doors for them along the way. While I agree with Paul Brown that setting up an advisory board is essential, I think you can get a lot of everyday wisdom from those who have gone before you (and who have been successful) by just reading their interviews, speeches and memoirs. Their advice is often pithy, profound and, if followed, can save you a lot of time, money and headaches along the way.
Here are some of my favorite quotes and lessons from the tech superstars of our time.
On Defining Entrepreneurship
“An entrepreneur is someone who has a vision for something and a want to create.” -David Karp, Tumblr founder and CEO
“A ‘startup’ is a company that is confused about three things: (1.) What its product is. (2.) Who its customers are. (3.) How to make money.” – Dave McClure, 500Startups co-founder